REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
680 Reef Road Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
680 Reef Road Ltd |
680 Reef Road Ltd (Registered number: 08540926) |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
680 Reef Road Ltd |
Company Information |
for the Year Ended 31 May 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Printware Court |
Cumberland Business Centre |
Northumberland Road |
Portsmouth |
Hampshire |
PO5 1DS |
680 Reef Road Ltd (Registered number: 08540926) |
Balance Sheet |
31 May 2023 |
31.5.23 | 31.5.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
680 Reef Road Ltd (Registered number: 08540926) |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | STATUTORY INFORMATION |
680 Reef Road Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 June 2022 |
Exchange differences |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
680 Reef Road Ltd (Registered number: 08540926) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31 May 2023 is represented by: |
£ |
Valuation in 2019 | (555,256 | ) |
Valuation in 2021 | 703,809 |
Valuation in 2022 | 793,619 |
Cost | 5,513,143 |
6,455,315 |
If the investment property had not been revalued it would have been included at the following historical cost: |
31.5.23 | 31.5.22 |
£ | £ |
Cost | 4,667,663 | 4,667,663 |
The investment property was valued on an open market basis on 31 May 2023 by Mr G N Hazell, director . |
The "fair value" cost reflects the effects of exchange rate gains and losses, including the effect on previous valuations, whereas the "historical cost" cost reflects the original cost prior to any exchange rates gains or losses. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.5.22 |
£ | £ |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
G N Hazell |
Director |
31.5.23 | 31.5.22 |
£ | £ |
Amount due to related party at the balance sheet date | 4,671,364 | 4,670,440 |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is G N Hazell. |